Technical Analysis for NFG - New Found Gold Corp

Grade Last Price % Change Price Change
C 5.120 6.00% 0.290
NFG closed up 6.0 percent on Friday, May 17, 2024, on 1.7 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 200 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Earnings Movers Other 6.00%
Inside Day Range Contraction 6.00%
Earnings Movers Other 4.81%
Inside Day Range Contraction 7.56%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 11 hours ago
Rose Above 200 DMA about 15 hours ago
2x Volume Pace about 15 hours ago
Up 5% about 15 hours ago
Up 1 ATR about 15 hours ago

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Profile

New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador and Ontario, Canada. The company primarily explores for gold deposit. It holds an interest in the Queensway project comprising 86 mineral licenses and 6,041 claims that covers an area of 151,030 hectares of land located near Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was founded in 2016 and is headquartered in Vancouver, Canada.
Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mineral Gold Mineral Properties Mineral Exploration Identification Atlantic Canada Gander

Is NFG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.93
52 Week Low 4.08
Average Volume 183,181
200-Day Moving Average 5.078
50-Day Moving Average 4.956
20-Day Moving Average 4.931
10-Day Moving Average 4.881
Average True Range 0.182
RSI (14) 56.71
ADX 16.23
+DI 28.073
-DI 18.841
Chandelier Exit (Long, 3 ATRs) 4.684
Chandelier Exit (Short, 3 ATRs) 5.176
Upper Bollinger Bands 5.191
Lower Bollinger Band 4.671
Percent B (%b) 0.86
BandWidth 10.554
MACD Line -0.022
MACD Signal Line -0.025
MACD Histogram 0.0035
Fundamentals Value
Market Cap 727.3 Million
Num Shares 142 Million
EPS 0.01
Price-to-Earnings (P/E) Ratio 426.67
Price-to-Sales 0.00
Price-to-Book 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.570
Resistance 3 (R3) 5.533 5.347 5.495
Resistance 2 (R2) 5.347 5.232 5.365 5.470
Resistance 1 (R1) 5.233 5.161 5.290 5.270 5.445
Pivot Point 5.047 5.047 5.075 5.065 5.047
Support 1 (S1) 4.933 4.932 4.990 4.970 4.795
Support 2 (S2) 4.747 4.861 4.765 4.770
Support 3 (S3) 4.633 4.747 4.745
Support 4 (S4) 4.670